VanEck Semiconductor ETF (SMH) — Technical state

As of 2026-11-04 — re-computed nightly across the coverage universe. Closelooknet diary readings, not advice.

The Closelooknet read

Signal: Mixed moving-average stack — Trades -11.5% vs the 50-day and -3.3% vs the 200-day average, 24.9% below the 52-week high and +60.6% off the 52-week low. Computed from daily closes. (as of 2026-11-04)
Trend: VanEck Semiconductor ETF trades 11.5% below its 50-day and 3.3% below its 200-day moving average. (as of 2026-11-04)
Inside the fund: Broad decline - breadth is falling with price. (confirming down, last 21 sessions). Over 21 sessions the fund moved −20.3% while the median holding moved −17.9%; 14 of 25 holdings beat the fund and 3 rose. Against the S&P 500 fund it is −18.7pp over the same window. The top ten holdings carry 71.0% of the weight (effective N 14.9). (as of 2026-11-04)

The full read — the desk's view, the earnings record, peers and the company snapshot — is on the SMH overview. Research diary readings, not advice.

Mixed moving-average stack

Trades -11.5% vs the 50-day and -3.3% vs the 200-day average, 24.9% below the 52-week high and +60.6% off the 52-week low. Computed from daily closes.

Ranked #3 on today’s Directional Flow — theme flow list (scan of 2026-11-04).

The moving-average stack

vs 20-day-8.6%
vs 50-day-11.5%
vs 200-day-3.3%
52-week band24.9% off the high · +60.6% off the low
Streak1 consecutive down session
50-day crossprice crossed down through the 50-day 15 sessions ago
Stochastic%K 9.4 · %D 11.8

Continue: the SMH chart & overview · the signal board

FAQ · from the current data · as of 2026-11-04

Quick answers

What is the current Closelooknet signal on SMH?

Mixed moving-average stack — Trades -11.5% vs the 50-day and -3.3% vs the 200-day average, 24.9% below the 52-week high and +60.6% off the 52-week low. Computed from daily closes. As of 2026-11-04; the signal board re-computes across the coverage universe nightly. A research diary reading, not advice.

Is SMH above its 50-day and 200-day moving averages?

As of 2026-11-04, VanEck Semiconductor ETF trades -11.5% below its 50-day and -3.3% below its 200-day average, with the 20-day -8.6% away.

How far is SMH from its 52-week high?

24.9% below the 52-week high and 60.6% above the 52-week low, as of 2026-11-04.

Mentioned on Closelooknet

Where SMH appears in the diary — 139 pieces, newest first. Every link is our own writing.

Long reads

Calendar — The Funds’ New Year and the Midterms: a Fresh Start?Weekly Signal · 1 Nov 2026What each direction would look like in those three days: software — IGV back over its 50-day average (106.99) with the flow still accelerating; the chips — SOXX holding 465, SMH's flow momentum no longer falling, and the equal-weight chip…
Second-Tier Chips — Back at the July Low, Leg Two BeginsWeekly Signal · 18 Oct 2026The equal-weight XSD fell 12.5%, the fabless-designer fund SMHX 12.1%, the broad chip fund SOXX 11.8% and the big-name fund SMH 10.5%.
Cloud — the AI fund near its 2021 record while the chip funds fall backChart Pick · 9 Oct 2026Since then the semiconductor fund SOXX has fallen 14.0% and SMH 9.2%.
Rubin Build-Out 100 — Rubin at the DoorWeekly Signal · 6 Sept 2026
Two and a half months of lower highs, then a second low that held above the first — and on Friday the oscillator turned.Chart Pick · 4 Sept 2026Across the funds, SOXX is up about 3%, SMH and the equal-weight XSD about 2.5%, this fund about 2%.
Korea, Taiwan, Japan — Three Markets Are Carrying the WorldWeekly Signal · 16 Aug 2026Both still sit far ahead for the year, XSD +69.2% against SMH +63.2%, but the ordering that marked healthy risk appetite inverted in exactly the week the tape went up.
Situational Awareness — Crushed While CorrectReport · 2 Aug 2026II.3 — Q2 2025: Aggressive Semiconductor Beta (Filed) At June 30, 2025, the filing had grown to $2.12bn across nine positions, dominated by: Position Approximate filed value SMH option/reference exposure ~$570m Intel option/reference…
Sector Rotation — Three Rotations, One WeekWeekly Signal · 19 Jul 2026SMH closed under its 566.83 triple-bottom line.

101 and glossary

Functional IndexGlossaryReveals structural dynamics that cap-weighted ETFs (SMH, SOXX) miss.
Market RegimeGlossaryThe system is applied weekly across six assets: BTC, NDX, SMH, Gold, TLT, and FTSE Global ex-US.
Weekly Signal Composite: How Closelooknet Reads Market Regime101The framework covers six assets: BTC, NDX, SMH, Gold, TLT, and FTSE Global ex-US.
Where a Fab Dollar Goes101Closelooknet View The complex at the decision zone, July 16, 2026 — SMH, SMHX, XSD and TSMC each sitting on the line that grades the correction.
Why Functional Indices Beat Cap-Weighted Semiconductor ETFs101Cap-weighted semiconductor ETFs like SMH and SOXX are not supply chain tools — they are NVIDIA proxies.
Why Semiconductor ETFs Miss the Real Story101The most popular semiconductor ETFs — VanEck SMH and iShares SOXX — are marketed as broad semiconductor exposure.

Dailies

AI Trade — Japan, Korea, Taiwan fall, India rises; Bitcoin under 80,000, gold under 4,000, TLT above 81.50Morning 10 · 30 Oct 2026Communications (XLC) fell 1.87% and technology (XLK) 1.18%; inside tech, software (IGV) fell 3.52%, cloud (CLOU) 3.56%, and the chip funds SOXX and SMH 1.55% and 1.06%.
Sell-Off — Nasdaq −3%, Chips −8%, Bitcoin −4%, Gold −3%; Only Bonds, Oil and Defensives HoldMidday 10 · 30 Oct 2026The Philadelphia chip index falls 8.3% to 10,563, on course for its worst day since 5 June; the SOXX fund is down 9.4% and SMH 7.8%.
Big Tech — Microsoft up 2.9%, Alphabet down 10%, ServiceNow down 18% after hours; Marvell eyes LumentumMorning 10 · 29 Oct 2026Chips led, with SOXX up 2.13% and SMH up 1.74%, while software sat out (IGV +0.12%, CLOU -0.20%).
Earnings Tape — Alphabet −13%, ServiceNow −27%, Microsoft's gain gone, Lilly +6%Midday 10 · 29 Oct 2026Tech and its neighbors carry the losses: software (IGV) −4.4%, cloud (CLOU) −4.3%, small-cap chip stocks (XSD) −2.5%, communications (XLC) −1.9%, chips (SMH) −1.8%, Palantir −2.0% and Nvidia −1.3%.
Fed — rates on hold, two officials wanted a hike; Vertiv +15%, Flex +9%, Micron +4%Midday 10 · 28 Oct 2026Chips up, software down: SMH +1.2% and SOXX +1.1%, while small-cap semis (XSD) give back 0.5% after Tuesday's 4.7% run.
Memory — SK hynix's 80% margin sends the Kospi +6.6% through 6,000; Fed and three mega-cap prints tonightMorning 10 · 28 Oct 2026Chip ETFs led Tuesday across the board — XSD +4.7%, SOXX +3.9%, SMH +3.0% — while software barely participated: IGV +0.35%, cloud (CLOU) −0.85%.
AI Suppliers — Celestica +13%, Cadence +7%, Amkor +6%: the market finally pays for a beatMidday 10 · 27 Oct 2026Silicon leads, software follows at a distance: small-cap semis (XSD) +4.2%, SOXX +3.6%, SMH +2.8%, with AMD +5.3%, Broadcom +4.1%, Astera Labs +9.7% and the optics pair Lumentum +6.9% / Coherent +6.4% — while Nvidia lags at +0.9%.
Earnings — five big-tech beats, none rewarded; Celestica +17% after hours, Kospi +3.1% into the FedMorning 10 · 27 Oct 2026The S&P 500 rose 0.7% to 7,676.77, the Nasdaq-100 gained 1.1%, and the chips led the repair — SOXX +2.9%, SMH +2.7% — with the VIX falling 5.4% to 18.4.